[Congressional Record Volume 155, Number 115 (Tuesday, July 28, 2009)]
[House]
[Pages H8896-H8897]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           THE NATIONAL DEBT

  (Mr. WOLF asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. WOLF. Mr. Speaker, the national debt has topped $11 trillion, 
unemployment has reached a 26-year high of 9.5 percent in June, and 
some believe it

[[Page H8897]]

may go to 11 percent; $56 trillion in unfunded obligations. Countries 
like China and Saudi Arabia are buying up America and the future of our 
children; a $1.84 trillion deficit this year and it may actually go to 
$2 trillion; and Standard & Poor's said we may lose our AAA bond rating 
by 2012.
  Now the House Democratic health care reform bill moving through the 
committee at lightning speed does not include, as CBO said, ``the sort 
of fundamental changes that would be necessary'' to reduce the 
skyrocketing cost of health care spending under Medicare.
  This is not going to create jobs; this is going to kill jobs.

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